Overview
What is Poseidon Swimming Inc?
Poseidon Swimming Inc, located in Chesterfield, Virginia, is a nonprofit organization that specializes in swimming programs for youth. Their primary goal is to provide professional coaching and instruction, fostering personal growth and commitment through competitive sports activities. Established with a mission to develop and motivate swimmers, they encourage individual excellence in a collaborative setting. With a dedicated workforce of 22 individuals, Poseidon Swimming Inc aims to contribute positively to the lives of young swimmers, helping them achieve their full potential within the sport.
Official website here: www.poseidonswimming.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
Poseidon Swimming Inc has received a two-star rating, indicating that while it shows some positive aspects, there are significant areas needing improvement. The organization has an excellent accountability and finance score of 73%, highlighting strong independent board governance with 100% independent members. Furthermore, it maintains a solid program expense ratio of 89.91%, suggesting a focus on mission-related activities.
However, the evaluation reveals critical gaps in transparency and governance policies. Notably, the organization has not provided its financial statements or posted its tax form on its website, earning zero points in these areas. Additionally, it lacks essential policies such as a whistleblower and document retention policy, which are vital for ensuring accountability and proper management of organizational resources.
In summary, while Poseidon Swimming Inc demonstrates strong governance and program spending, its lack of financial transparency and missing policies detract from its overall rating. Addressing these issues could enhance its credibility and impact in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Poseidon Swimming Inc legitimate?
Poseidon Swimming Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Poseidon Swimming Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $216,593
For more financial information, click here
Official website here: www.poseidonswimming.com
What is the mission statement of Poseidon Swimming Inc?
Poseidon Swimming Inc's mission is centered around fostering the growth and success of swimmers. Their primary objective is to nurture individual excellence among swimmers within a collaborative environment. The organization strives to achieve this through comprehensive swimming training and development programs. These programs not only focus on honing swimming skills but also emphasize personal development and the cultivation of commitment through competitive sports. Poseidon Swimming Inc's approach to swimming instruction is professional and aims to instill values such as teamwork and dedication in its participants.
Official website here: www.poseidonswimming.com
What is the revenue of Poseidon Swimming Inc?
Poseidon Swimming Inc's revenue in 2024 was $752,978.
Official website here: www.poseidonswimming.com
Who are the executives of Poseidon Swimming Inc and what are their salaries?
The average compensation at Poseidon Swimming Inc during 2024 was $7,735. There are 28 employees and 27 volunteers at Poseidon Swimming Inc.
Here are 7 key members and their salaries:
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Official website here: www.poseidonswimming.com
Where can I find the form 990 for Poseidon Swimming Inc?
Poseidon Swimming Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.poseidonswimming.com
Learn more at the official website: www.poseidonswimming.com
Mission Statement of Poseidon Swimming Inc
Poseidon Swimming Inc, a renowned organization, is committed to nurturing and fostering the swimming abilities of young individuals. Their mission is centered around training, developing, and motivating swimmers, encouraging them to strive for personal excellence within a team-oriented environment. This approach not only enhances their swimming skills but also instills values such as dedication and commitment through the medium of competitive sports programs.
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Impact
July, 2024
Poseidon Swimming Inc has a significant impact on the youth in Chesterfield, VA by providing professional-level swimming programs that not only train and develop swimmers but also focus on personal development and commitment through competitive sports. By offering these programs, Poseidon Swimming Inc is helping young individuals achieve excellence in a team-oriented environment, fostering important life skills such as discipline, teamwork, and perseverance. This impact extends beyond just swimming skills, influencing the overall well-being and growth of the participants.
This information is meant to be a general summary of Poseidon Swimming Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $4,491
- Program Service Revenue: $223,309
- Gross Receipts: $768,554
Assets and Liabilities:
- Total Assets: $261,605
- Total Liabilities: $61,447
- Net Assets: $200,158
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Entry Fees, Clinics an
Revenue
$223,309
Organization Details
Founding Year
1992
Principal Officer
Jenn Walker
Website
www.poseidonswimming.comNTEE Category
Code: N67Z - Recreation
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